PEN | Peruvian Nuevo Sol | OANDA Peruvian Nuevo Sol Overview The Nuevo Sol is the currency of Peru. It is subdivided into one hundred centimos. The name is derived from Peru's historic currency; the Sol was used during the 19th century until 1985. The origin of the word was from the Latin word solidus, but the name is also related to the Spanish solar. Economy Peru is a developing economy that is market-oriented, characterized by an increasing degree of overseas trade but also an excessive degree of inequality. The financial system of Peru is the forty-second largest in the world. Its economic system is diverse even though the merchandise exports is needed, the commerce and business are located in Lima however the agricultural exports was able to create progress in all of the regions. From the past, the country's financial administration is tied to exports that give exhausting currency to finance imports and exterior debt payments. Peru's essential exports are zinc, copper, gold, chemicals, textiles, prescribed drugs, equipment, manufactures, fish meal and companies; its main commerce companions are the China, United States, Brazil, Chile and European Union.

History Peruvian Nuevo Sol is one of the crucial steady and reliable currencies and also being the currency that is least affected by the weak greenback world tendency at that time. In 1980s, there was a dangerous state of economy and hyperinflation in the federal government and was therefore pressured to desert the inti that was introduced Nuevo Sol being the country’s new banknote. Cash denominated within the appended unit have been brought in on October 1, 1991 adding the primary currency on November 13, 1991. Since the brand-new foreign money was implementing, it has staggered to maintain up a secure alternate rate from 2.3 to 3.65 Nuevo Soles per Dollar. Symbols and Names Céntimo = 1/100 of a Sol Denominations Bills: 10, 20, 50, 100, 200 nuevos soles Coins: 1, 5, 10, 20, 50 céntimos. 1, 2, 5 nuevos soles Countries Using This Currency SITE MAP © 1996 - 2017 OANDA Corporation.

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ExchangeRate.com - Currency Information Peruvian Sol | Post | View The nuevo sol (Spanish pronunciation: [ˈnweβo ˈsol], plural: nuevos soles; currency sign: S/.) is the currency of Peru. It is subdivided into 100 céntimos. The ISO 4217 currency code is PEN. The name is a return to that of Peru's historic currency, the sol in use from the 19th century to 1985. Although the derivation of sol is from the Latin solidus, the name means sun in Spanish. There is a continuity therefore with the old Peruvian inti, which was named after Inti, the Sun God of the Incas. History Because of the bad state of economics in the 1980s and hyperinflation in the late 1980s the government was forced to abandon the inti and introduce the nuevo sol as the country's new currency.

The currency was put into use on July 1, 1991 (by Law N° 25,295) to replace the inti at a rate of 1 nuevo sol = 1,000,000 intis. Coins denominated in the new unit were introduced on October 1, 1991 and the first banknotes on November 13, 1991. Hitherto the nuevo sol currently retains a low inflation rate of 1.5%. Since the new currency was put into effect, it has managed to maintain a stable exchange rate between 2.3 and 3.65 nuevo soles per United States dollar. Out of all the currencies of the Latin-American region, the Peruvian nuevo sol has been the most stable and reliable currency, also being the currency least affected by the weak dollar global tendency. During the late months of 2007 and the first months of 2008, the rate fell to 2.69 nuevos soles per USD, a rate not seen since 1997.

As of June 2008, the dollar went up again and was trading at 2.94 nuevos soles per USD. In late November 2008, one USD equaled 3.09 nuevo soles. As of August 8, 2010 the Peruvian Nuevo Sol was trading at 2.79 per USD. Coins The current coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and 1 nuevo sol. The 2 and 5 nuevos soles coins were added in 1994. Although 1 and 5 centimo coins are officially in circulation, they are very rarely used. An aluminium 1 céntimo coin was introduced in December 2005., and a 5 céntimos coin in 2007 . All coins show the coat of arms of Peru surrounded by the text Banco Central de Reserva del Perú (Central Reserve Bank of Peru) on the obverse. The reverse of all coins shows the denomination.

Included in the design of the bi-metallic 2 and 5 nuevos soles coins are the Nazca lines hummingbird and frigate bird figures. Banknotes In 1990, banknotes for 10, 20, 50 and 100 nuevos soles were introduced. The banknote for 200 nuevos soles was subsequently introduced in August 1995. All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse. Peru Facts - NationFacts.net Australia 22 facts about Peru Peru is located in the western part of South America. Ecuador and Columbia border the country to the north, Brazil borders it to the east and Chile and Bolivia border the country to the south. The west side of the country is completely bordered by the Pacific Ocean. Peru is the 20th largest country in the world, and encompasses 496,225 square miles (1,285,216 square kilometers). The entire country is home to over 30 million people, making it the 40th largest country in the world by population alone.

Its capital city Lima is home to 7.6 million inhabitants. The Peruvian flag two colors, red and white. It is a horizontal flag with two red strips bordering a white stripe. The official language of the country is Spanish. Peru does not have an official religion, but the majority of the population follows the Christian faith. Peru is considered a developing country and its economy is still trying to stabilize. The Nuevo sol is their currency today, and has been used since 1991 after their government declared their previous currency too inflated. Since the 1990s, the Nuevo sol has been considered one the most stable currencies in Latin America. General Peru Facts Since the economic crisis in the 1980s, the Peruvian economy has bounced back considerably. Today, they are still considered a developing country, but they have a high Human Development Index score and are gaining ground in the international economic world. Here are a few facts about the Peruvian economy today, and their government. Peru’s total nominal GDP is $220.8 billion, while its nominal per capita GDP is $7,135.

The World Bank has classified Peru as having an upper middle class income, and as being one of the fastest growing economies in the world. Peru’s economy is based widely on services and manufacturing. They have recently reformed many of their trade terms and expect foreign trade to boost their economy even more. Peru’s main exports include gold, flour, copper, and oil. Their main imports include vehicles, technology and refined oil. They have trading agreements with the United States, China, Canada and Japan. Peru’s government is a unitary presidential constitutional republic. Each term they elect a President, Vice President and a Prime Minister. Peru Facts for Kids Peru is a wonderful country to teach your children about. Not only will they love the warm and tropical climate, but they might also find Peru’s history extremely interesting. The Incans Empire settled in Peru in 1438 and ruled the country until 1533 when Spanish conquistadors conquered them. Machu Picchu, which was home to an Incan emperor, still stands today and is a prominent tourist spot in Peru. The Amazon Rain forest covers half of Peru. The country has designated much of the rain forest as nature reservations in order to spare the ecosystem.

One plant that is indigenous to Peru is the puya raimondi. It is a flower that only blooms every 100 years. In terms of natural resources alone, Peru is considered one of the richest countries in the world. However, much of these resources haven’t been fully tapped into yet. Peru has numerous different climates. The western part of the country is full of coastal desserts and beaches, while the Andean mountains have a very cool and wintry climate. Peru also is home to numerous jungle regions which are tropical and humid. Natural disasters occur frequently in Peru, including hurricanes and earthquakes. The country also has a few mild volcano eruptions every few years. Interesting Facts about Peru Peruvians also have numerous fun customs and traditions. Here are a few interesting facts about these traditions and cultures that can be found in Peru. Peru celebrates their Independence Day on July 28th each year. This celebrates the day that Peruvians gained their independence from Spanish rule in 1824. All Peruvian festivals and holidays bring together family and food. Peruvians love making large feasts for celebrations, and will cook tradition foods such as seafood, potatoes, corn and spicy peppers.

Carnival is celebrated each year exactly three days before Lent. It is a time in Peru where all of the citizens celebrate one final party before they begin the Easter season. Christmas is celebrated each year with food and drinking. Peruvians also give many gifts on Christmas Eve and Christmas Day to their families and friends. When Peruvians aren’t celebrating events with food and alcohol, they like to play sports. Soccer and volleyball are played throughout the country, and are often a part of traditional celebrationsg. Peru Fun Facts Peru also has a few quirky facts surrounding its history and its country today. Here are a few goofy and fun facts about the country. There are over 3,000 varieties of potatoes in Peru. The food was originally from Peru, and most Peruvians eat potatoes at least once a day. Over 1600 types of orchids can be found in Peru. 425 of these types can be found growing around Machu Picchu. The Pisco Sour is known as Peru’s official drink. It is made with brandy, sugar water, lemons, egg whites and ice.

Lake Titicaca is located in Southern Peru and is the highest navigable lake in the world, along with being the largest lake in South America. It is completely acceptable and normal in many areas of Peru to eat cat. The University of San Marcos was founded in 1551, and is the oldest university in the Americas. Peru is an interesting country with an intriguing history and economy. The country has had its pitfalls economically, but today is thriving and is continuing to grow. Peru is also a great place to visit. Thousands of tourists take the trip to Peru each year to visit Machu Picchu, the Amazon rain forest and Peru’s beautiful coastline. Go! The Four Monetary Systems of Peru - LimaEasy LimaEasy The Four Monetary Systems of Peru From the Libra Peruana de Oro (1897) to the Nuevo Sol (today) Peru had since 1897 four main monetary systems. The first one was the Libra Peruana de Oro (Peruvian Gold Pound) that was in circulation as legal tender from 1897. In 1930 followed a new currency called the Sol de Oro (Golden Sun).

Due to high inflation the currency of the era of Republican Peru was abandoned in 1985 and the Inti introduced. The bad economic state of Peru and terrorism in the late 1980s forced the Inti to lose its value very quickly. Hyperinflation struck the country and the Peruvian government was forced to introduce a new currency in 1991: the Nuevo Sol (New Sun). The Nuevo Sol was introduced at a rate of 1 Nuevo Sol = 1,000,000 Inti's. The return to this name is considered appropriate as it could be derived from historical use and devotion of the sun as a symbol of power and as a way of connecting the new currency to the old Inti, which was named after Inti, the Sun God of the Incas.

One Libra Peruana de Oro from 1922 (Old Peruvian Banknote) 1000 Soles de Oro Peruvian banknote from 1979 with the image of Miguel Grau 500,000 Intis banknote from 1988 with the image of the famous Ricardo Palma 20 Nuevos Soles banknote (legal tender, in circulation since 1991) with the image of Raul Porras Barrenechea 10 Nuevos Soles banknote (legal tender, in circulation since 2011) with the image of the archaeological site Machu Picchu. The Nuevo Sol has been in circulation from 1991 and since then the banknotes have undergone a couple of improvements. In June 2011 completely new S/. 10 and S/. 20 and in August 2011 new S/. 50, S/. 100 and S/. 200 bills have been put into circulation. For the moment both types of Nuevo Sol banknotes are valid, legal tender and in circulation simultaneously!

The "Nuevo Sol" is Peru's current currency Since 1991 the Nuevo Sol is Peru's currency. However, almost everywhere in Lima the US Dollar is accepted. The international code for the Peruvian currency Nuevo Sol (S/.) is PEN. The Nuevo Sol is subdivided into 100 Centimos. There are banknotes for S/. 10, S/. 20, S/. 50, S/. 100 and S/. 200. Coins have been issued for 5 Centimos, 10 Centimos, 20 Centimos, 50 Centimos, S/. 1, S/. 2 and S/. 5. Nowadays the Nuevo Sol is a quite stable currency with a moderate inflation and has a more or less steady exchange rate with the US Dollar. Old Peruvian Inti banknotes are no legal tender anymore! You can't exchange them anywhere! While the one or other bill might have a value for a collector if in impeccable condition, Intis are except for their sentimental value unfortunately worthless! Peruvian Banknotes and Coins Do you know the background and history of the images on the banknotes and coins of your country? Can you differentiate real from fake back home?

In Peru you won't find any pictures of former presidents on the money, but rather famous personalities and archaeological sites which are part of Peru's extensive past. Therefore Peru's Nuevo Sol banknotes don't only stand for the pure nominal value of the bill, but also pass on the rich cultural patrimony of the country. Have a look at our very detailed listings: Peruvian Currency - How to Peru How to Peru A Peru travel guide for backpackers and other independent travelers. Main menu Peruvian Currency Last updated: 26th November, 2015 The Peruvian Nuevo Sol (PEN) has been the currency of Peru since 1991, when it replaced the inti. The nuevo sol (plural nuevos soles; symbol S/.) is divided into subunits called céntimos, much like the US cent or the British pence, with S/.1 equal to 100 céntimos. Note: In November 2015, Peru’s Congress voted in favor of changing the name from Nuevo Sol to Sol . When exactly that will be fully implemented is anyone’s guess.

Peruvian Nuevo Sol Banknotes The Banco Central de Reserva del Perú (Peru’s central bank) issues Peruvian Nuevo Sol banknotes in denominations of 10, 20, 50, 100 and 200 nuevos soles. The BCRP redesigned all of the banknotes in 2011; both the old notes and the new notes are currently in circulation as legal tender. Below you can see all of the latest nuevo sol banknotes. Apart from an aesthetic overhaul and the introduction of new security features (to combat the problem of fake money in Peru ), the new notes are not too different from their older counterparts. They all feature the same portraits of deceased individuals from Peruvian history, but with different historic sites on the reverse. The S/.10 banknote features a portrait of José Abelardo Quiñones Gonzales, a Peruvian pilot who died heroically during the Ecuador-Peru war of 1941. The reverse shows the classic view of Machu Picchu. The earlier S/.10 banknote has Quiñones’ inverted biplane on the reverse.

The S/.20 note bears a portrait of Peruvian historian Raúl Porras Barrenechea (1897-1960). The reverse shows a section of the Chan Chan archaeological site near Trujillo in northern Peru. The earlier design shows the Palacio de Torre Tagle, located in the historic centre of Lima. The S/.50 note features a portrait of Abraham Valdelomar Pinto, a writer born in Ica in 1888. Pinto died at the age of 31 following a fall while touring Ayacucho. The Chavín de Huantar archaeological site (near Huaraz) is shown on the reverse; the earlier note features the Laguna de Huacachina oasis near Ica, a popular base for dune buggy rides and sandboarding . The S/.100 banknote has a portrait of historian and former Minister of Education Jorge Basadre Grohmann on the front. The archaeological site of Gran Pajatén, located in the Rio Abiseo National Park (department of San Martin), is on the reverse. The earlier note features the Biblioteca Nacional (National Library) in Lima.

The S/.200 note is something of a rarity ( I’ve seen it only once ), but it does exist. The front features a portrait of Saint Rose of Lima, while the reverse shows the archaeological site of Caral-Supe (located north of Lima), the oldest known city in the Americas. The earlier note shows the Convento de Santo Domingo in Lima. Peruvian Coins Peruvian coins come in denominations of 5, 10, 20 and 50 céntimos, and 1, 2 and 5 nuevos soles. The Banco Central de Reserva del Perú pulled the previously existing 1 céntimo coin from circulation on May 1, 2011. According to the Peruvian Consumer Code, change given for any cash payment must favour the buyer. For example, a supermarket purchase totalling S/.9.99 must be rounded down to S/.9.95, or from S/.9.94 to S/.9.90, when paying in cash (the price does not change if paying by card). Below you can see the front side of all the Peruvian coins currently in circulation.

The 5, 10 and 20 céntimo coins are decorated with designs from the Chan Chan archaeological site. The 50 céntimo and S/.1 coins feature a laurel design, with Nazca Line geoglyphs on the S/.2 and S/.5 coins. The BCRP also releases “collector’s edition” coins, normally featuring historic sites. The reverse of each Peruvian coin bears the Peruvian National Shield and “Banco Central de Reserva del Perú” (see coin image, bottom right). Is it Real or Fake? - LimaEasy LimaEasy Is it Real or Fake? Examine the Money you get! Content Overview Feel, Look & Tilt Peru = Counterfeit Capital of the World In November 2010 Peru was named the Counterfeit Cash Capital of the World. Quite surely nothing the country can be proud of; rather an indicator that you might be confronted with fake money while in Peru. Therefore we highly recommend getting familiar with the Peruvian banknotes (also the coins – there are even fake coins in circulation, mainly with the higher nominations of S/. 2 and S/. 5) and their standard security features.

Be aware as there are quite a number of counterfeit US$ notes in circulation! The modern Peruvian currency, the Nuevo Sol, has been in circulation from 1991 and since then the banknotes have undergone a couple of improvements making forgeries more difficult while recognizing counterfeits more easily. With this not being enough in June 2011 completely new S/. 10 and S/. 20 and in August 2011 new S/. 50, S/. 100 and S/. 200 bills have been put into circulation. The new Peruvian Nuevo Sol banknotes combine the latest international security features of modern banknotes with Peru's rich cultural patrimony. Have a look at our extensive overview of: Current Peruvian Banknotes For the moment both types of Nuevos Soles banknotes are valid, legal tender and in circulation simultaneously! Examine the money you get Every time we get a banknote we observe it with greater or lesser attention. It mostly depends on the value (higher value, longer observation), the situation or from whom we might be getting it.

The modern Peruvian banknotes (old and new!) have all similar security features and therefore verifying the authenticity of a 200 Nuevos Soles bill doesn't take longer and isn't more difficult than for a 10 Nuevos Soles one. As you might not be familiar with the Peruvian money the biggest question will be on what details you should concentrate and how to differentiate a real from a fake bill. With the introduction of the Euro there as globally has been the implementation of a very simple concept: Feel, Look & Tilt. For the last few years this concept is also promoted by the Central Reserve Bank of Peru. Below we explain this concept in general. On the corresponding pages you find detailed descriptions for each Peruvian banknote and its security features; of course with numerous pictures making sure you exactly know what to concentrate on and where to look. Feel, Look & Tilt The three simple steps of Feel, Look & Tilt can easily be applied to all Peruvian Nuevo Sol Banknotes, old and new! Security features on banknotes issued until 2011 The watermark displays the image of the personality with multitone and three dimensional features.

Around the personality on the banknote is a shadow created by using micro lettering of the word PERU (Banknotes issued before 2011). The security thread is a plastic strip that is inserted into the paper. Hold the banknote up to a light source and the text PERU 20 will appear crisp without any irregularities (Banknotes issued before 2011). When tilting the banknote up/down a reflective stripe becomes visible partially covering the face of the personality. Within the strip appear repeatedly the 20 (value) and BCRP (Banco Central Reserva Peru) - for Banknotes issued before 2011. On the front there is a circle, actually an Inca design depicting the head of a Puma. On the back there is a ring and the center part is white. Holding the banknote up to a light source both images should line-up perfectly (Banknotes issued before 2011).

Under the writing "Banco Central de Reserva del Perú" (top left corner) is a line created with micro lettering (repeatedly the text: BANCO CENTRAL DE RESERVA DEL PERU) for Banknotes issued before 2011. By placing the banknote horizontally in front of the eye, start tilting it up/down. The value of 100 should appear (Banknotes issued before 2011). Below the National Emblem (right side) is the value of the banknote printed with optical variable ink. By placing the banknote horizontally in front of the eye, start tilting it up/down. The 100 changes from fuchsia to gold-green (Banknotes issued before 2011). By using a magnifying glass the micro lettering PERU should appear repeatedly in the number 200 (bill value) - for Banknotes issued before 2011. Security features on banknotes issued since 2011 Hold the banknote up to a light source and the area free of prints will be displaying the watermark. The watermark on the S/.

10 bill shows the image of José Abelardo Quiñones Gonzáles, the 10 and an airplane. The watermark has multi-tone and three dimensional features giving you the impression of three distinct areas. Furthermore the watermark is formed by different thicknesses in the paper so it appears sharp and clear. On fake banknotes the watermark is printed on, looks blurry and lacks the appearance of the multi-dimensional image. All new Nuevos Soles banknotes have the on first sight invisible security feature of micro-lettering. Only when using a magnifying glass you can read the prints. Look at the detailed description of all features in the below summery... The security stripe is inserted into the paper and can only be seen when holding the bill up to a light source. Then you can as well easily read the text PERU 20 on the stripe and if you have really good eyesight under it three times BRCP (or with a magnifying glass). The text appears clear without any irregularities. All new Nuevos Soles banknotes have the on first sight invisible security feature of micro-lettering. Only when using a magnifying glass you can read the prints. Look at the detailed description of all features in the below summary...

Hold the banknote comfortably in both hands and concentrate on the big 50 left of the image of the personality. Bop the note slowly a little bit up and down. As the 50 is printed with an optical variable ink (OVI) it changes its color from pink to green when slightly turned. This security feature is really easy to identify, but very difficult to counterfeit. Therefore on faked bills you won't see any color changes. When you closely look at the S/. 50 bill you can see small grey to green fibers spread over the banknote (best discovered at the area free of print where the watermark is). When you place the banknote under UV light these fibers appear red or blue. Have a look at the upper left corner. There you can see the incomplete number 100, parts are printed in pink. Turn the note and you find on the upper right corner again the incomplete number 100, this time parts are printed in light blue. Hold the banknote up to a light source and the pink parts from the front and the light blue parts from the back complete the number 100 perfectly. Additionally to above mentioned fibers there are lots of other security features one can unfortunately only see under UV light.

On the front of the S/. 100 banknote on Jorge Basadre Grohmann chin the word BCRP appears under UV light. On the back of the S/. 100 banknote on the image of the Gran Pajatén three times BCRP100 emerge. And the nice light blue ceramic on the left changes its color to two fluorescent colors, pink and blue, under UV light. Hold the banknote horizontally in front of your eyes and concentrate on the nun's veil. Bop the bill slowly a little bit up and down. If you can find the right angle, the number 200 will appear. Feel What should you feel? First of all it's important to mention that the Peruvian money is printed on "paper" made from 100% cotton, which gives the banknote a unique texture and much more resistance than ordinary paper. Another thing you can feel are details printed with the intaglio technique (calcographic printing). This is the printing of raised images or relief printing. By passing your fingers over certain areas of the bill you can feel a relief image on it.

On the old Peruvian Nuevo Sol banknotes this feature can be felt for example at the printed name of the Central Reserve Bank and the National Emblem; on the new ones at the collar left of the personalities head and right of the goggles at the ornaments. Be aware that age and wear can negate some of these properties. For more easy palpable security features please check out the corresponding pages of each nomination. Here you find numerous pictures showing exactly where you can feel what. Look What should you look at? Hold the banknote up to a light source and the area free of prints will be displaying the watermark. This is a basic security feature that most currencies worldwide possess. The Peruvian Nuevo Sol watermark shows the image of the personality of that particular bill and the nomination; the new bills additionally a for the personality characteristic item. The watermark has multi-tone and three dimensional features giving you the impression of two (on the new bills three) distinct areas. Furthermore the watermark is formed by different thicknesses in the paper so it appears sharp and clear. On fake banknotes the watermark is printed on, looks blurry and lacks the appearance of the multi-dimensional image. Another easy visible security feature is the in the paper inserted security stripe.

Holding the banknote up to a light source you can read on the security stripe of all old Peruvian Nuevo Sol bills the word "PERU" and the nomination; this feature is only implemented in the new S/. 10, S/. 20 and S/. 50 banknotes. For more easy visible security features have a look at the corresponding pages of each nomination. Here you also find numerous pictures showing exactly what to look at. Tilt How can you "tilt" a banknote and what should you look at while doing so? There are security features that require the slight tilting of the bill so you can see them. Hold the banknote horizontally in front of your eyes and bop it slowly a little bit up and down. The nomination (in the middle right on the old Peruvian Nuevo Sol bills; left of the image of the personality on the new bills) is printed with an optical variable ink (OVI) that changes its color when slightly turned. This security feature is really easy to identify, but very difficult to counterfeit. Therefore on faked bills you won't see any color changes. On all old and new Peruvian Nuevo Sol bills you can also discover a hidden number and only on the new S/.

100 and S/. 200 bills moving fish when tilting. Confused? Check out our corresponding pages for each nomination. Here you find detailed explanations and various pictures showing exactly what you have to do to see the special effects: Current Peruvian Banknotes Peruvian Currency, peru money, peru billets, money of peru, peru travel money, peru travel, PERUVIAN CURRENCY TO TRAVEL, PERU CURRENCY Peruvian Currency November 27, 2012 The Peruvian Nuevo Sol (PEN) has been the currency of Peru since 1991, when it replaced the inti. The nuevo sol (plural nuevos soles; symbol S/.) is divided into subunits called céntimos, much like the US cent or the British pence, with S/.1 equal to 100 céntimos. Peruvian Nuevo Sol Banknotes The Banco Central de Reserva del Perú (Peru’s central bank) issues Peruvian Nuevo Sol banknotes in denominations of 10, 20, 50, 100 and 200 nuevos soles.

The BCRP redesigned all of the banknotes in 2011; both the old notes and the new notes are currently in circulation as legal tender. Below you can see all of the latest nuevo sol banknotes. Apart from an aesthetic overhaul and the introduction of new security features (to combat the problem of fake money in Peru), the new notes are not too different from their older counterparts. They all feature the same portraits of deceased individuals from Peruvian history, but with different historic sites on the reverse. The S/.10 banknote features a portrait of José Abelardo Quiñones Gonzales, a Peruvian pilot who died heroically during the Ecuador-Peru war of 1941. The reverse shows the classic view of Machu Picchu. The earlier S/.10 banknote has Quiñones’ inverted biplane on the reverse. The S/.20 note bears a portrait of Peruvian historian Raúl Porras Barrenechea (1897-1960). The reverse shows a section of the Chan Chan archaeological site near Trujillo in northern Peru. The earlier design shows the Palacio de Torre Tagle, located in the historic centre of Lima.

The S/.50 note features a portrait of Abraham Valdelomar Pinto, a writer born in Ica in 1888. Pinto died at the age of 31 following a fall while touring Ayacucho. The Chavín de Huantar archaeological site (near Huaraz) is shown on the reverse; the earlier note features the Laguna de Huacachina oasis near Ica, a popular base for dune buggy rides and sandboarding. The S/.100 banknote has a portrait of historian and former Minister of Education Jorge Basadre Grohmann on the front. The archaeological site of Gran Pajatén, located in the Rio Abiseo National Park (department of San Martin), is on the reverse. The earlier note features the Biblioteca Nacional (National Library) in Lima. The S/.200 note is something of a rarity (I’ve seen it only once), but it does exist. The front features a portrait of Saint Rose of Lima, while the reverse shows the archaeological site of Caral-Supe (located north of Lima), the oldest known city in the Americas. The earlier note shows the Convento de Santo Domingo in Lima.

Peruvian Coins Peruvian coins come in denominations of 5, 10, 20 and 50 céntimos, and 1, 2 and 5 nuevos soles. The Banco Central de Reserva del Perú pulled the previously existing 1 céntimo coin from circulation on May 1, 2011. According to the Peruvian Consumer Code, change given for any cash payment must favour the buyer. For example, a supermarket purchase totalling S/.9.99 must be rounded down to S/.9.95, or from S/.9.94 to S/.9.90, when paying in cash (the price does not change if paying by card). Below you can see the front side of all the Peruvian coins currently in circulation. The 5, 10 and 20 céntimo coins are decorated with designs from the Chan Chan archaeological site. The 50 céntimo and S/.1 coins feature a laurel design, with Nazca Line geoglyphs on the S/.2 and S/.5 coins. The BCRP also releases “collector’s edition” coins, normally featuring historic sites.

The reverse of each Peruvian coin bears the Peruvian National Shield and “Banco Central de Reserva del Perú” (see coin image, bottom right). | Post | View The nuevo sol (Spanish pronunciation: [ˈnweβo ˈsol], plural: nuevos soles; currency sign: S/.) is the currency of Peru. It is subdivided into 100 céntimos. The ISO 4217 currency code is PEN. The name is a return to that of Peru's historic currency, the sol in use from the 19th century to 1985. Although the derivation of sol is from the Latin solidus, the name means sun in Spanish. There is a continuity therefore with the old Peruvian inti, which was named after Inti, the Sun God of the Incas. History Because of the bad state of economics in the 1980s and hyperinflation in the late 1980s the government was forced to abandon the inti and introduce the nuevo sol as the country's new currency.

The currency was put into use on July 1, 1991 (by Law N° 25,295) to replace the inti at a rate of 1 nuevo sol = 1,000,000 intis. Coins denominated in the new unit were introduced on October 1, 1991 and the first banknotes on November 13, 1991. Hitherto the nuevo sol currently retains a low inflation rate of 1.5%. Since the new currency was put into effect, it has managed to maintain a stable exchange rate between 2.3 and 3.65 nuevo soles per United States dollar. Out of all the currencies of the Latin-American region, the Peruvian nuevo sol has been the most stable and reliable currency, also being the currency least affected by the weak dollar global tendency. During the late months of 2007 and the first months of 2008, the rate fell to 2.69 nuevos soles per USD, a rate not seen since 1997.

As of June 2008, the dollar went up again and was trading at 2.94 nuevos soles per USD. In late November 2008, one USD equaled 3.09 nuevo soles. As of August 8, 2010 the Peruvian Nuevo Sol was trading at 2.79 per USD. Coins The current coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and 1 nuevo sol. The 2 and 5 nuevos soles coins were added in 1994. Although 1 and 5 centimo coins are officially in circulation, they are very rarely used. An aluminium 1 céntimo coin was introduced in December 2005., and a 5 céntimos coin in 2007 . All coins show the coat of arms of Peru surrounded by the text Banco Central de Reserva del Perú (Central Reserve Bank of Peru) on the obverse. The reverse of all coins shows the denomination.

Included in the design of the bi-metallic 2 and 5 nuevos soles coins are the Nazca lines hummingbird and frigate bird figures. Banknotes In 1990, banknotes for 10, 20, 50 and 100 nuevos soles were introduced. The banknote for 200 nuevos soles was subsequently introduced in August 1995. All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse. Coins Coins Coins As established by Law 25295, the currency unit of Peru since January 1991 is the Nuevo Sol. The “Inti” and “Sol de Oro”, our previous monetary units, have been withdrawn from circulation and are no longer legal tenders in the country. The Nuevo Sol Coins The nuevo sol coin series comprises seven different values (denominations): S/.5, S/.2, S/.1 and 50, 20, 10 and 5 cents.

Description of designs The nuevo sol coin series comprises eight different values (denominations): S/.5, S/.2, S/.1 and 50, 20, 10 and 5 cents. Obverse The National Coat of Arms, the phrase “Banco Central de Reserva del Perú” and the year of minting are displayed in the obverse of all the Peruvian coins. Reverse The brass coins and the aluminum 5 cents coin (silver-like color) feature the Pre-Columbian citadel of Chan Chan, which is located near the city of Trujillo in the North of Peru. The alpaca coins (silver-like color) feature a curved stem with laurel leaves intermixed with oak tree leaves and the logo of the National Mint on a geometric design of vertical lines. The bi-metal coins feature designs based on the Nazca lines, Pre-Columbian geoglyphs located in the southern city of Ica. The S/. 2 coin reproduces the image of the “Hummingbird” while the S/. 5 coin reproduces the image of the “Frigate Bird”.

Question: The Nuevo Sol has been the currency of which country since 1991?
Answer: Peru